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681384

	registered interest
	date	30/01/2017
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Green Investment Bank
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 15 December 2016 to Question 57076, on the Green Investment Bank, how much of the £4.7 billion investment will be directed to low carbon innovation projects.
	tabling member constituency	Birmingham, Selly Oak
	tabling member printed	Steve McCabe
	uin	62367
	answer	answer is ministerial correction date of answer 07/02/2017 answer text <p>‘Building our Industrial Strategy’ published on 23 January, starts a consultation on how to invest this £4.7 billion worth of funding. It also consults on the technologies which the new Industrial Challenge Fund could support, which include smart and clean energy technologies.</p><p>This builds on earlier consultation by Innovate UK and the Research Councils on potential challenge areas for the Industrial Strategy Challenge Fund, initiated on 16 January. The Green Paper will help to further refine these choices, followed by further consultation by UK Research and Innovation when it come into being, subject to Parliamentary approval.</p> answering member constituency Ruislip, Northwood and Pinner answering member printed Mr Nick Hurd question first answered 07/02/2017 15:28:39 answering member 1561 label Biography information for Mr Nick Hurd
	tabling member	298 label Biography information for Steve McCabe

681277

	registered interest
	date	30/01/2017
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Green Investment Bank
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the contribution of the Minister for Climate Change and Industry of 11 January 2017, Official Report, column 320, what assessment he has made of the nature of the market failure that the Green Investment Bank was set up to rectify; and if he will publish that assessment.
	tabling member constituency	Wakefield
	tabling member printed	Mary Creagh
	uin	62145
	answer	answer is ministerial correction date of answer 07/02/2017 answer text <p>The Government set out the rationale for moving the Green Investment Bank (GIB) to the private sector in its policy statement “Future of UK Green Investment Bank plc” published on 18 November 2015, including the Government’s assessment of the role GIB has played in unlocking private investment in the green economy. The strong market interest in acquiring a stake in GIB since the sale process was launched on 3 March 2016 further demonstrates the positive impact GIB has had in the market.</p> answering member constituency Ruislip, Northwood and Pinner answering member printed Mr Nick Hurd question first answered 07/02/2017 15:17:09 answering member 1561 label Biography information for Mr Nick Hurd
	tabling member	1579 label Biography information for Mary Creagh

692675

	registered interest
	date	21/02/2017
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Green Investment Bank
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how much public funding has been supplied to the Green Investment Bank in each year since its inception.
	tabling member constituency	Wakefield
	tabling member printed	Mary Creagh
	uin	64929
	answer	answer is ministerial correction date of answer 01/03/2017 answer text <p>Government has provided UK Green Investment Bank plc (GIB) with the following public funding for its UK investment and operational activities in each year since its inception.</p><table><tbody><tr><td><p><strong>Year</strong></p></td><td><p><strong>Public Funding</strong></p></td></tr><tr><td><p>2012/13</p></td><td><p>£150.450m</p></td></tr><tr><td><p>2013/14</p></td><td><p>£160m</p></td></tr><tr><td><p>2014/15</p></td><td><p>£677m</p></td></tr><tr><td><p>2015/16</p></td><td><p>£60m</p></td></tr><tr><td><p>2016/17 (as of the end of January 2017)</p></td><td><p>£435m</p></td></tr><tr><td><p><strong>Total</strong></p></td><td><p>£1,482.450m</p></td></tr></tbody></table> answering member constituency Ruislip, Northwood and Pinner answering member printed Mr Nick Hurd question first answered 01/03/2017 15:53:35 answering member 1561 label Biography information for Mr Nick Hurd
	tabling member	1579 label Biography information for Mary Creagh

731768

	registered interest
	date	22/06/2017
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Green Investment Bank
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how much finance the Green Investment Bank has provided since its creation in (a) the Linlithgow and East Falkirk constituency, (b) Scotland and (c) the UK.
	tabling member constituency	Linlithgow and East Falkirk
	tabling member printed	Martyn Day
	uin	623
	answer	answer is ministerial correction date of answer 28/06/2017 answer text <p><strong> </strong></p><p>UK Green Investment Bank plc (GIB) provides a full list of its investments across the United Kingdom for each financial year on its website: <a href="http://www.greeninvestmentbank.com/" target="_blank">www.greeninvestmentbank.com</a></p><p> </p><p>GIB has committed £179.7m to 18 Scottish projects, either directly or via its fund managers, since 2012.</p><p> </p><p>Those projects are:</p><p> </p><p>Distillery biomass boiler platform phase 1</p><p>Distillery biomass boiler platform phase 2</p><p>Speyside CHP project</p><p>Glasgow City Council streetlighting project</p><p>Levenseat recycling and waste plant, Forth by Lanark</p><p>Scotland-wide heat pump installation programme, starting with Borders College</p><p>NHS Tayside energy efficiency programme</p><p>Wick district heating scheme</p><p>Stirling Council streetlighting project</p><p>NHS Grampian energy efficiency programme</p><p>Goathill Quarry</p><p>Chaorach</p><p>River Arkaig</p><p>Liatre Burn</p><p>Bruachaig</p><p>Srondoire</p><p>Blackcraig</p><p>Millerhill recycling and waste plant</p><p> </p><p>None of those projects are located in the Linlithgow and East Falkirk constituency.</p><p> </p><p><strong> </strong></p> answering member constituency Devizes answering member printed Claire Perry question first answered 28/06/2017 14:30:20 answering member 3974 label Biography information for Claire Perry
	tabling member	4488 label Biography information for Martyn Day

671901

	registered interest
	date	11/01/2017
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Green Investment Bank
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether they will include a provision in the sale agreement of the Green Investment Bank to require a clawback of all, or a significant part, of any disposal proceeds, and whether they intend to publish at the time of the sale the scale of such disposals they anticipate.
	tabling member printed	Lord Myners
	uin	HL4570
	answer	answer is ministerial correction date of answer 23/01/2017 answer text <p>Details of the sale negotiations are commercially confidential.</p><p>Government will provide a full report to Parliament once a sale is completed which will set out the details of the sale and how our objectives (including value for money) were met.</p> answering member printed Lord Prior of Brampton question first answered 23/01/2017 12:20:57 answering member 127 label Biography information for Lord Prior of Brampton
	tabling member	3869 label Biography information for Lord Myners

671902

	registered interest
	date	11/01/2017
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Green Investment Bank
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government who will advise them on the acceptability of the proceeds to be achieved by the sale of the Green Investment Bank; and what is the process by which the Secretary of State will establish his view on value after receiving this advice.
	tabling member printed	Lord Myners
	uin	HL4571
	answer	answer is ministerial correction date of answer 23/01/2017 answer text <p>The sale of the Green Investment Bank (GIB) is being led by UK Government Investments, with advice from Bank of America Merrill Lynch and Herbert Smith Freehills. GIB and their advisors (UBS and Slaughter and May) are also providing significant and closely coordinated support.</p><p>The Government is following the National Audit Office’s recommendations on asset sales in carrying out the sale of shares in GIB, as set out in the document “Green Investment Bank: sale of shares” laid before Parliament on 3 March 2016.</p> answering member printed Lord Prior of Brampton question first answered 23/01/2017 12:19:53 answering member 127 label Biography information for Lord Prior of Brampton
	tabling member	3869 label Biography information for Lord Myners

758341

	registered interest
	date	06/09/2017
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Green Investment Bank
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what his policy is on circumstances in which the special share in the Green Investment Bank (GIB) held by the Green Purposes Company Ltd can be used to approve or reject changes to GIB's green purposes as set out in the objects of its Articles of Association.
	tabling member constituency	Richmond Park
	tabling member printed	Zac Goldsmith
	uin	8995
	answer	answer is ministerial correction date of answer 13/09/2017 answer text <p>Following the sale of the Green Investment Bank (GIB), should the company wish to amend, remove or alter the green objective within the objects of its Articles of Association, it must seek written approval from the Green Purposes Company Limited (GPC), which holds a special share in GIB (now called the Green Investment Group (GIG)).</p><p> </p><p>The five trustees of GPC, who are independent of Government and the GIG, will form a judgement on the proposed amendment, and will either approve or reject the change to ensure that the green mission of the GIG is not weakened.</p><p> </p> answering member constituency Devizes answering member printed Claire Perry question first answered 13/09/2017 13:46:12 answering member 3974 label Biography information for Claire Perry
	tabling member	4062 label Biography information for Lord Goldsmith of Richmond Park

686055

	registered interest
	date	07/02/2017
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Green Investment Bank
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what criteria his Department used to determine the preferred bidder in the sale of the Green Investment Bank; and if he will make a statement.
	tabling member constituency	North Down
	tabling member printed	Lady Hermon
	uin	63460
	answer	answer is ministerial correction date of answer 14/02/2017 answer text <p>In its “Green Investment Bank: sale of shares” report laid before Parliament on 3 March 2016, the Government set out its objectives for the sale and the process by which the sale would be conducted. Bids have been evaluated at each stage of the process against the Government’s sale objectives.</p><p> </p><p> </p> answering member constituency Ruislip, Northwood and Pinner answering member printed Mr Nick Hurd question first answered 14/02/2017 14:22:01 answering member 1561 label Biography information for Mr Nick Hurd
	tabling member	1437 label Biography information for Lady Hermon

708644

	registered interest
	date	06/03/2017
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Green Investment Bank
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how much funding the Green Investment Bank has provided in (a) St Helens North constituency, (b) Merseyside and (c) the UK in each financial year since its creation.
	tabling member constituency	St Helens North
	tabling member printed	Conor McGinn
	uin	66552
	answer	answer is ministerial correction date of answer 09/03/2017 answer text <p>The UK Green Investment Bank plc (GIB) has helped finance two projects in the Merseyside area.</p><p> </p><p>In December 2013, GIB committed £20m to the design, build and operation of a new ‘energy from waste’ plant on behalf of the Merseyside Waste Disposal Authority. The facility, located in Teesside, will each year convert into energy more than 420,000 tonnes of residual waste from six boroughs in the Merseyside area, including St Helens North. The project has created approximately 75 permanent jobs, in addition to more than 100 jobs during the construction phase.</p><p> </p><p>In November 2014, GIB committed £30.1m to a new Combined Heat and Power (CHP) Plant in Widnes the North West’s largest waste wood renewable power facility.</p><p> </p><p>The project has created more than 200 construction jobs and around 20 full time jobs in the operational phase.</p><p> </p><p>In addition, some of GIB’s UK wide investment platforms such as its indirect investments in LED lighting upgrades to Santander branches and NCP car parks are likely to have benefitted Merseyside including St Helens North.</p><p> </p><p>GIB provides a full list of its investments for each financial year on its website: <a href="http://www.greeninvestmentbank.com/" target="_blank">www.greeninvestmentbank.com</a></p><p> </p> answering member constituency Ruislip, Northwood and Pinner answering member printed Mr Nick Hurd question first answered 09/03/2017 14:23:53 answering member 1561 label Biography information for Mr Nick Hurd
	tabling member	4458 label Biography information for Conor McGinn

673636

	registered interest
	date	16/01/2017
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Green Investment Bank
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, on what date Shareholder Executive authorised the Green Investment Bank to set up OSW Co Holdings 1 Limited, Galloper Holdco Ltd, Rampion Holdco Limited, Rampion Investco Limited, OSW LP Holdco Limited, WMR Holdco Limited, Project G Holdings 1 Limited and Project G Holdco Limited.
	tabling member constituency	Norwich South
	tabling member printed	Clive Lewis
	uin	60176
	answer	answer is ministerial correction date of answer 19/01/2017 answer text <p>In November and December 2016 the Green Investment Bank (GIB) incorporated twelve new Special Purpose Vehicles (SPVs): Galloper Holdco Limited; OSW Co Holdings 1 Limited; OSW Co Holdings 2 Limited; OSW LP Holdco Limited; Project G Holdco Limited; Project G Holdings 1 Limited; Project G Holdings 2 Limited; Rampion Holdco Limited; WMR Holdco Limited; Rampion Investco Limited; New Green Interim Holdco Limited; and UK Green Investment Lyle Limited.</p><p>The SPV ‘UK Green Investment Lyle Limited’ was incorporated in the course of business-as-usual to support GIB’s investment in the Lincs offshore wind farm (publicly announced by GIB on 13 January 2017).</p><p>The remaining eleven SPVs were incorporated in order to facilitate the potential introduction of private capital in to a number of GIB’s offshore wind assets, following discussion between GIB and the UK Government. These entities are currently dormant and own no assets.</p> answering member constituency Ruislip, Northwood and Pinner answering member printed Mr Nick Hurd grouped question UIN 60177 question first answered 19/01/2017 17:15:44 answering member 1561 label Biography information for Mr Nick Hurd
	tabling member	4500 label Biography information for Clive Lewis